Announcement on Joint Investment by Subsidiary and Related Party to Establish a Joint Venture and Related Party Transaction

Securities Code: 002129 Securities Abbreviation: TCL Zhonghuan Announcement No.: 2026-042

TCL Zhonghuan Renewable Energy Technology Co., Ltd.

Announcement on Joint Investment by Subsidiary and Related Party to Establish a Joint Venture and Related Party Transaction

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.

Key Content Reminder:

1. TCL Zhonghuan Renewable Energy Technology Co., Ltd. (hereinafter referred to as the "Company" or "TCL Zhonghuan")'s holding subsidiary, Zhonghuan Leading Semiconductor Technology Co., Ltd. (hereinafter referred to as "Zhonghuan Leading"), and Tianjin Zhonghuan Leading Material Technology Co., Ltd. (hereinafter referred to as "Tianjin Zhonghuan Leading") plan to jointly invest with related party Tianjin Zhonghuan Haihe Intelligent Manufacturing Fund Partnership (Limited Partnership) (hereinafter referred to as "Zhonghuan Haihe Fund") and another co-investor, Tianjin Binhai High-tech Zone Haite Haihe New Material Technology Partnership (Limited Partnership) (hereinafter referred to as "Haite Haihe New Material"), to establish Tianjin Huanyao New Materials Technology Co., Ltd. (provisional name, hereinafter referred to as the "Joint Venture Company"). The registered capital of the Joint Venture Company will be RMB 63,000 million. Among them, Haite Haihe New Material will contribute RMB 120,000 million to the Joint Venture Company, of which RMB 24,000 million will be included in the registered capital and RMB 96,000 million will be included in the capital reserve, holding 38.10% equity in the Joint Venture Company; Zhonghuan Leading will contribute RMB 97,413.9276 million to the Joint Venture Company, of which RMB 19,482.786 million will be included in the registered capital and RMB 77,931.1416 million will be included in the capital reserve, holding 30.92% equity in the Joint Venture Company; Zhonghuan Haihe Fund will contribute RMB 60,000 million to the Joint Venture Company, of which RMB 12,000 million will be included in the registered capital and RMB 48,000 million will be included in the capital reserve, holding 19.05% equity in the Joint Venture Company; Tianjin Zhonghuan Leading will contribute RMB 37,586.0724 million to the Joint Venture Company, of which RMB 7,517.214 million will be included in the registered capital and RMB 30,068.8584 million will be included in the capital reserve, holding 11.93% equity in the Joint Venture Company.

2. This transaction constitutes a related party transaction and does not constitute a major asset restructuring. It needs to be submitted for consideration by the Company's shareholders' meeting.

3. Relevant Risk Warnings:

(1) As of the date of this announcement, the Joint Venture Company has not yet been registered. The name and related industrial and commercial information will be subject to the final registered information. The specific implementation situation and progress are uncertain.

(2) In the initial stage of the establishment of the Joint Venture Company, it will require a certain period of time for personnel allocation, business development, and operational management. Whether it can be smoothly promoted and achieve its expected development after its establishment is uncertain, and the impact on the Company's current operating performance is relatively small.

(3) Based on the equity structure and board of directors' arrangement of the Joint Venture Company, the Joint Venture Company will not be included in the consolidated financial statements. The Company does not have control over its production and operation and major decisions, and there are certain operational and management risks.

(4) The establishment and future operation of the Joint Venture Company may be affected by macro-economic conditions, industry cycles, market changes, and other force majeure factors. There is a risk that the asset operation effect may not meet expectations. Investors are kindly requested to pay attention to investment risks.